In order to further improve the development of the integration of the Yangtze River Delta region and attract overseas enterprises to settle in Shanghai, the metropolis is striving to create a better business environment for foreign investment.

A press conference was held by the Shanghai Association of Foreign Investment on Dec 17, aiming to appraise the outstanding contribution of foreign investment enterprises to Shanghai's economic and social development.

The event gathered a group of 300 officials and representatives of consulate generals and top 100 foreign-funded enterprises in Shanghai. 

By the end of November this year, Shanghai had set up 6,168 new foreign-funded projects, an increase of 29.3 percent year-on-year. Contractual foreign investment was $45.93 billion, up 14.6 percent year-on-year. Foreign investment reached $17.82 billion, up 10.8 percent year-on-year.

In addition, Shanghai will adhere to the "four strengthening measures", namely, strengthening global resource allocation, strengthening strategic sources of scientific and technological innovation, strengthening leading high-end industries, and strengthening its role as an open hub.

Representatives of the top 10 foreign-funded enterprises for import and export volume in Shanghai are awarded prizes at the press conference. [Photo/sww.sh.gov.cn ]